APS 2011 Annual Report Download - page 144

PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
119
The fair value of Pinnacle West’s pension plan and other postretirement benefit plan assets at
December 31, 2010, by asset category, are as follows (dollars in thousands):
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2) Other (a)
Balance at
December 31,
2010
Pension Plan:
Assets:
Cash and cash equivalents $ 2,375 $ -- $ -- $ 2,375
Fixed Income Securities:
Corporate -- 508,946 -- 508,946
U.S. Treasury 163,313 -- -- 163,313
Other (b) -- 53,358 -- 53,358
Equities:
U.S. Companies 462,973 -- -- 462,973
International Companies 129,094 -- -- 129,094
Other investments -- 5,549 8,071 13,620
Common and collective trusts:
U.S. Equities -- 146,705 -- 146,705
International Equities -- 177,114 -- 177,114
Real estate -- 92,454 -- 92,454
Short-term investments -- 25,644 -- 25,644
Total Pension Plan $ 757,755 $ 1,009,770 $ 8,071 $ 1,775,596
Other Benefits:
Assets:
Cash and cash equivalents $ 243 $ -- $ -- $ 243
Fixed Income Securities:
Corporate -- 118,660 -- 118,660
U.S. Treasury 74,049 -- -- 74,049
Other (b) -- 24,456 -- 24,456
Equities:
U.S. Companies 179,655 -- -- 179,655
International Companies 25,121 -- -- 25,121
Other investments -- 365 2,034 2,399
Common and collective trusts:
U.S. Equities -- 54,144 -- 54,144
International Equities -- 61,455 -- 61,455
Real Estate -- 7,357 -- 7,357
Short-term investments -- 19,871 -- 19,871
Total Other Benefits $ 279,068 $ 286,308 $ 2,034 $ 567,410
(a) Represents plan receivables and payables.
(b) This category consists primarily of debt securities issued by municipalities.